COSCON hikes rates for Far East to Persian Gulf trade

COSCO Container Lines recently announced a Rate Restoration for all shipments (include reefer cargo) from the Far East to Persian Gulf Trade effective from July 1, 2014, the company said in a press release.

The quantum is 200 USD per TEU

Far East includes: China Mainland, China Hong Kong, China Taiwan, China Macao, Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Bangladesh. Persian Gulf include: Iraq, Kuwait, Saudi Arabia (Persian Gulf Coastal), Bahrain, Qatar, United Arab Emirates, and Oman.

COSCON Container Lines Co., Ltd. (COSCON) is one of the world's leading providers of integrated container shipping service. COSCON has 157 container carries with a carrying capacity of up to 667,970 TEU. Connecting more than 159 principal ports in over 48 countries and regions across the world, the company operates over 76 international shipping routes, 10 international feeder routes, 21 coastal routes in China and 67 routes in the Zhu Jiang delta and the Chang Jiang River.

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